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Yes, a 12 year old can form a legally binding contract.
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∙ 14y ago
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Can a sixteen year old be held to a legally binding sales contract?
No, they are a minor and the contract cannot be enforced.
Can an 18 yr old enter into a legally binding contract in the state of Alabama?
The contract can be legally binding at the discretion of the 18 year old. The minor can 'disaffirm" the contract, or say there is no contract, when he/she reaches the legal age of majority in AL which is 19.
Can you marry a twenty-six year old without your parents consent if you are sixteen years old?
If you are legally emancipated you can. Entering into marriage means entering into a legally binding contract. At 16 you cannot legally enter into a binding contract. So no, you can't LEGALLY get married.
Can a 17 year old purchase his own auto insurance in NJ?
Most insurance companies would not allow this to happen because firstly an insurance application and policy together make up a legally binding contract. A person under 18 years of age are not able to be party to a legally binding contract.
Can a pawnbroker take items from a 15-year old such as a 300 guitar for 75?
Legally, a 15 year old cannot enter into any binding contract without consent of a parent or guadian,including a pawn contract.
Can a 17 year old boy sign legal documents in the state of Michigan?
No, they are not an adult. Until they are 18, they cannot contract or sign a legally binding document.
Can an 18 year old enter a legally binding contract in the state of California?
Yes 18 is the age of adulthood therefore all contracts are binding unless claim insanity under form of alcohol or other drug
Can a 16 year old get financing from a dealership?
A 16-year old cannot get financing from a car dealership because they are not old enough to enter into a legally-binding contract. The age of 18-years is the youngest that a person can sign any kind of legal contract.
Can a 17 year old get insurance on parents car without parent being on insuracne policy?
A 17 year old can not enter into a legally binding contract. Therefore a parent or guardian must countersign the Insurance Application.
Is a 17 yr old responsible for a credit card he lied on his age to get?
No he is not responsible for the debt as a 17 year old cannot enter into a legally binding contract. However, he would be responsible for the fraud.
If a 17-year-old with a 6-month-old wanted to move out in Missouri could they sign a contract with a cosigner for an apartment?
Until you are 18, or are legally emancipated, you won't be able to sign a binding contract for the lease. But the owner may accept the cosigner's signature.
What does a futures contract mean in finance?
A futures contract is a legally binding contract that agrees to buy or sell something at a previously agreed upon time with a previously agreed upon price. For example, a company might agree to purchase another company in July next year for 1 million dollars today.
